Verisign Q1 2022 Earnings Report

Verisign's financial performance for Q1 2022 was reported, demonstrating growth in revenue and net income compared to the same quarter in the previous year.

Key Takeaways

Verisign reported a revenue of $347 million for the first quarter of 2022, which is a 7.2% increase compared to the same quarter in 2021. The company's net income also increased to $158 million, with a diluted EPS of $1.43.

Revenue increased by 7.2% year-over-year, reaching $347 million.

Net income rose to $158 million, with diluted EPS at $1.43.

The company ended the quarter with $1.21 billion in cash, cash equivalents, and marketable securities.

The .com and .net domain name base increased by 4.0% year-over-year, totaling 174.7 million registrations.